CHARACTERISTICS OF MICRO ENTERPRISES

 These are enterprises employing a maximum of four (4) people, with annual sales turnover of maximum Uganda shillings twelve million (12,000,000) and total assets

of maximum Uganda shillings twelve million.

CHARACTERISTICS OF MICRO ENTERPRISES

1. They require very little money to be started.

2. They require very simple technology to operate.

3. Their sales are usually low.

4. They usually employ the services of their owners who may be assisted by one or two persons, usually family members.

5. They may not need fixed premises to operate from but where they do, they may be housed in temporary structures.

6. They do not have to be registered before they commence operations but may have to obtain operating licenses from the local authorities.

Examples of micro businesses include kiosks, hawking, groceries, bicycle repairing, road side selling, e.t.c.

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